inflation | Gerald R. Ford School of Public Policy
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Justin Wolfers

Professor of Public Policy and Economics (on sabbatical leave)
Wolfers is an economist with broad policy-related interests and experience. He is also affiliated with the NBER, Brookings and the Peterson Institute for International Economics. He is a contributing columnist for the New York Times and host of the “Think Like An Economist” podcast. He is a popular teacher and author of a leading economics textbook.
Justin Wolfers
News

Wolfers weighs in on tariffs, uncertainty, and the stock market

Mar 9, 2025
Ford School professor and economist Justin Wolfers discussed the impacts of tariffs, uncertainty, and consumer sentiment on the US economy with several news outlets last week. Wolfers highlighted the response the stock market had to tariffs and what...
Justin Wolfers
In the Media

Wolfers empathizes with consumers concerns for the future economy

Feb 25, 2025 CNN
Following the third consecutive fall of The Conference Board’s Consumer Confidence Index, the Ford School's Justin Wolfers told CNN, “The fact that consumers don’t feel like it’s smooth sailing — you’ve got one very obvious suspect. That’s the White...
Justin Wolfers
In the Media

Stevenson comments on the fruitful economy under President Biden

Dec 17, 2024 The New Republic
Discussing inflation and the Biden administration's economy, the Ford School's Betsey Stevenson told The New Republic that comparatively across the globe "ours [U.S. high inflation rates] came down way less painfully, and we had amazing economic...
Betsey Stevenson
State & Hill

Reactions: 2024 elections

Dec 17, 2024
In the days following the 2024 elections, we sought insights from Ford School faculty members: How did we arrive at this point? And where do we go from here? Jenna Bednar, professor of political science and public policy: “The election raised the...
Headshots of Jenna Bednar, Charlotte Cavaillé, Jonathan Hanson, Mara Ostfeld, Ambassador Susan D. Page, and Betsey Stevenson
In the Media

Inflation hurt Democrats and angered consumers - Stevenson

Nov 11, 2024 NPR
Ford School professor and economist Betsey Stevenson said, “Economists are going to have to reckon with the fact that the public would have preferred a slower recovery with much higher unemployment, as long as prices had been stable.” She then said,...
Betsey Stevenson
In the Media

Hanson on why Latinos voted for Trump

Nov 8, 2024 BBC Mundo
Ford School professor Jonathan Hanson says that "voters have largely felt the economic pain of the post-COVID inflationary period, and they're taking it out on Biden and Harris." Among other factors, this is what may have pushed latino voters to the...
Jonathan Hanson
In the Media

Hanson on Trump's winning messaging

Nov 6, 2024 Detroit Free Press
Jonathan Hanson, Ford school professor, talked with the Detroit Free Press about messaging the determined the election. He said Trump’s messaging on key topics, especially economy and immigration, appealed to blue-collar voters, while "It seems like...
Jonathan Hanson
News

Cost of living tops Detroiters’ priorities for US government

Jul 8, 2024
With Michigan poised to be a pivotal state in the 2024 presidential election, Detroiters have weighed in on their priorities for the U.S. government.Cost of living and inflation is the issue Detroiters mentioned most when asked about the top issues...
Word cloud with issues most important to Detroiters
Publication

Stevenson predicts continued labor strife in an uncertain market

Sep 22, 2023
As the U.S. endures the UAW, Writers’ Guild, and Screen Actors strikes, among others, Ford School economics professor Betsey Stevenson says the country may endure more labor upheaval. Once the chief economist at the U.S. Department of Labor, she...
Betsey Stevenson
News

Stevenson’s economic analysis in demand

Jul 3, 2023
Ford School economist Betsey Stevenson’s analysis of the volatile U.S. economy is in high demand.  When the June jobs numbers were released at the beginning of July, Stevenson was quoted in the Associated Press. AP reported, “Friday’s jobs...
Betsey Stevenson
News

Stevenson discusses BLS jobs report, inflation

Apr 12, 2023
Last week, the Bureau of Labor Statistics released their monthly jobs report. Betsey Stevenson lent her expertise to numerous media outlets to break down what she saw. "This report is just about as good as it can be. It's slowing slightly, and...
Betsey Stevenson
In the Media

Stevenson analyzes Fed messaging

Mar 21, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think sticking with 25 basis points is hopefully going to be sending the signal that they (the Federal Reserve) really do believe that the situation is stabilizing. That they don't need to veer from their planned...
Betsey Stevenson
In the Media

Economy is 'extraordinary' - Wolfers

Mar 12, 2023 WDIV
Justin Wolfers, WDIV: "My summary is what a little ripper. Last month, we were extraordinary. So we aren't extraordinary two months in a row, we're merely very good. This is the sort of job growth that maybe we've gotten used to over the past couple...
Justin Wolfers
In the Media

Stevenson discusses interest rate effects on labor market

Mar 7, 2023 Bloomberg
Betsey Stevenson, Bloomberg: "I think it's really hard to interpret the impact of the interest rate increases on the labor market. And the reason is that we would have to know the counterfactual—what would have happened in the labor market if we...
Betsey Stevenson
News

Wolfers breaks down tooth fairy economics

Mar 5, 2023
The average amount the Tooth Fairy gives children has jumped by 16%, to $6.23. Justin Wolfers, professor of public policy and economics, discussed the economics behind the rise.  "The children of America are getting what their parents are not:...
Justin Wolfers
News

Wolfers optimistic about soft landing for economy

Feb 17, 2023
As concerns about the economy continue, one economist is optimistic. Justin Wolfers, professor of public policy and economics, recently talked with NPR to discuss his economic analysis and predictions. "You're talking to an economist who is going...
Photo of Justin Wolfers
In the Media

Hanson discusses state of inflation

Feb 14, 2023 Wallet Hub
Jonathan Hanson, Wallet Hub: "The point of interest rate increases is to slow down the economy and thus cool demand. Pressure on prices thus falls. It’s effective for controlling the rate of inflation but does not come without some pain. I think the...
Jonathan Hanson
In the Media

Stevenson analyzes inflationary pressure

Feb 11, 2023 The New Yorker
Betsey Stevenson, The New Yorker: "People always hate inflation. Even when inflation was at historic lows, survey data showed that eighty-three percent of Americans thought inflation was a problem. The President has very few levers. And, in this...
Betsey Stevenson
News

Wolfers optimistic on inflation and recession risks

Feb 8, 2023
The U.S. economic recovery from the significant setbacks of the pandemic has seen inflationary pressure from supply chain disruptions and the war in Ukraine, among other factors. Justin Wolfers, Ford School professor of public policy and...
Photo of Justin Wolfers
In the Media

Stevenson discusses trade-offs of inflation

Feb 5, 2023 NPR
Betsey Stevenson, NPR: "The thing about inflation is it hurts us all a little 'cause it's terrible, right? You go to the store, and we're all talking about the price of eggs. We feel it. We feel rents going up and food prices going up, but, you...
Betsey Stevenson
In the Media

Wolfers discusses inflation and interest rates

Jan 19, 2023 WDET 101.9
Justin Wolfers, WDET 101.9: "Inflation was distressing. Right now, it may still be a little distressing. The future looks like it's going to be a whole lot less distressing.  The Fed's worried because inflation still is above its target level. It...
Photo of Justin Wolfers
In the Media

Dominguez breaks down how exchange rates impact inflation

Jan 13, 2023 BBC
Kathryn Dominguez, BBC: "We saw this really dramatic appreciation of the dollar when the US was really moving most forcefully against inflation earlier in 2022. As exchange rates stabilize, that kind of moving of inflation from one country to...
Kathryn Dominguez speaks to prospective students at the Ford School's Spring Preview